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. >> when we come back at 6:00 the president draws a new line in the sand on america's debt ceiling. what happens if the limit isn't lifted? who will feel it first? >> a gun buy back. it's not just weapons they're after. a poll revealing hows&á america feels about gun control. >> and the internet hero who took his life in the middle of a new campaign for social justice, online. stay with us. the ne hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ...and now... you! [ giggles ] ♪ the one and only, cheerios >>> president obama insists he will not negotiate with white house rinz over the debt keeling and says the full faith and credit of the united states will not be a bargaining chip. abc 7 news mark matthews is here with the challenge that the president is facing on this. >> the president says concept understand.jjw that is not what we found and the challenge facing the president is one that he began to address this morning. president told reporters raising th
. >> when we come back at 6:00 the president draws a new line in the sand on america's debt ceiling. what happens if the limit isn't lifted? who will feel it first? >> a gun buy back. it's not just weapons they're after. a poll revealing hows&á america feels about gun control. >> and the internet hero who took his life in the middle of a new campaign for social justice, online. stay with us. the ne hmm, it says here that cheerios helps lower cholesterol as part of a heart...
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. >> president obama making his case for raising the debt ceiling. this morning the president says he will negotiate on spending cuts but not on the debt ceiling. mark matthews is here now with more on what sat stake. >> republicans in the house say they won't raise the debt gmu and president agree to corresponding cuts. the president outlined the stake autos the president began by defining the issue. >> debt keeling is not a question of authorizing more spending. it allows the country to pay for spending that congress is committed to. >> he said americans understand the concept. >> you don't go out to dinner and... then, you know eat all you want. and then... leave without paying a check. >> if you do that, it's against the law, said the president. he added if congress fails to raise the debt ceiling american people will pay the price. >> social security checks and veteran benefits will be delayed. we might not be able to pay our troops or honor our contracts with small business owner autos again and again, the president repeated the fact raising th
. >> president obama making his case for raising the debt ceiling. this morning the president says he will negotiate on spending cuts but not on the debt ceiling. mark matthews is here now with more on what sat stake. >> republicans in the house say they won't raise the debt gmu and president agree to corresponding cuts. the president outlined the stake autos the president began by defining the issue. >> debt keeling is not a question of authorizing more spending. it allows...
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ceiling. this democratsym intond raise the debt limit withoutxd unrelated conditions republicans said they've had to seek. the white house signaled it will extend borrowing. >> last night's earthquake under scores an impact of the federal governmentç shut down. >> thoun one aszv on duty tofá help identify location and magnitude. >> david louie is live ask x@ç rememberoes in the contract.r david? >> well, dan, carolyn usgs says in the event of a major earthquake they will come back to work. however, for the time being it means their work is shifting to uc berkeley. the only vehicles in the license plates there. was vop one to drive them. offices remain closed. >> that mean there is no one monitoring size mow grafts. it shifted work to uc berkeley and caltech saying it's a work shabl -- workable solution for now. >> if out longer who knows whether computer systems will continue to run. if systems for collecting data goes down, then, probably >> furloughs spreading to contractors, lockheed m
ceiling. this democratsym intond raise the debt limit withoutxd unrelated conditions republicans said they've had to seek. the white house signaled it will extend borrowing. >> last night's earthquake under scores an impact of the federal governmentç shut down. >> thoun one aszv on duty tofá help identify location and magnitude. >> david louie is live ask x@ç rememberoes in the contract.r david? >> well, dan, carolyn usgs says in the event of a major earthquake they...
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. >> debt deficit reduction on how to go forward on the debt ceiling. so we just have to find the way. and we have to find a path they can go down. but if they keep moving the goal post and won't accept their own number, as leader says it's -- if they don't take yes for an answer, i can only conclude they wanted to shut down government. that they think that that has a purpose for them. we know what that is. and that is not what our constitution had in mind. if you don't like something, you threaten to shut down government sou don't -- it's not that kind of a system. in any event, ever optimistic, because mump is at stake i'm hope envelope conversations we heard each other and that we'll be able to find a place to go to the budget table, six months after we were supposed to, and discuss the budget that can be helpful because next challenge is lifting the debt ceiling. it was a worth while meeting. i'm glad it was held, as they would say, some candid discussions. would you say, mr. leader? and without going to that. >> they're talking about here are meeti
. >> debt deficit reduction on how to go forward on the debt ceiling. so we just have to find the way. and we have to find a path they can go down. but if they keep moving the goal post and won't accept their own number, as leader says it's -- if they don't take yes for an answer, i can only conclude they wanted to shut down government. that they think that that has a purpose for them. we know what that is. and that is not what our constitution had in mind. if you don't like something,...
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if the debt ceiling -- is -- [ applause ] are we applauding still? if the debt ceiling isn't raised by thursday the country won't be allowed to borrow any more money and will be done to $30 billion in cash. china carries that much cash around in theirissued a warning them $1.3 trillion. if we default on that they have threat tuned cut off our supply of cheap plastic crap made by kids which would beep disastrous. a lot of things are shut down. the cdc is shut down. center for disease control. means they might have to cancel flu season this year. national parks are shut down. nasa is shut down. there is one government building still open. that is the congressional gym. the exclusive gym where congressmen go to work out has reamemained open during all of s quick to point out the gym is not fully operational because towel service is no long ear available due to the shutdown. so, everyone is suffering. >> i worked out today without a towel. >> i worked out today without a towel. >> i went to work wet. >> i tried to use newspapers to dry off. i wouldn't re
if the debt ceiling -- is -- [ applause ] are we applauding still? if the debt ceiling isn't raised by thursday the country won't be allowed to borrow any more money and will be done to $30 billion in cash. china carries that much cash around in theirissued a warning them $1.3 trillion. if we default on that they have threat tuned cut off our supply of cheap plastic crap made by kids which would beep disastrous. a lot of things are shut down. the cdc is shut down. center for disease control....
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. >> deal could be in the works to re-open the federal government and raise the debt ceiling. democrats and republicans negotiated a deal to keep the agencies open until mid-january and raise the debt ceiling until mid-february. >> off to a calm and cool start. 30's, 40's, and 50's. but 70's and 80's, a warmer day in the seven-day forecast. >> scientists say a popular sports supplement sold in stores around the world is secretly spiked with a chemical share to methamphetamine. it goes by the name "craze," and researchers say the ingredients are created laboratories but an attorney for the company that makes it says they have proof from a certified laboratory showing there is no after soviet mean -- no amphetamine-like compound. >> another retailer will on the doors on thanksgiving, for the first time in 155-year history, macy's will open 8:00 p.m. thanksgiving. last year they opened at midnight. this is putting profit before people by forcing store employees to leave their families for their job. an employees hopes she works on thanksgiving to experience the shopping rush. toy
. >> deal could be in the works to re-open the federal government and raise the debt ceiling. democrats and republicans negotiated a deal to keep the agencies open until mid-january and raise the debt ceiling until mid-february. >> off to a calm and cool start. 30's, 40's, and 50's. but 70's and 80's, a warmer day in the seven-day forecast. >> scientists say a popular sports supplement sold in stores around the world is secretly spiked with a chemical share to methamphetamine....
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warren buffett said politicianless should stop using the debt ceiling in debates and says it is like nuclear bombs, too horrible to use the treasury will run out of money october 17th if congress doesn't increase the debt limit. >>> united technology is canceling plans to furloughing 4,000 workers after most civilian employees were sent home and the federal shut down put back to work. the military contractor planned to put sick corky and pratt and whitney workers on leave beginning today. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> 5:18. how is this for great gratuity? a regular customer gave a bartender his keno ticket as a thank you it turned out to be that bartender's lucky day because that keno ticket was worth more than $17,000. she tried to give it back, he told her it was hers to keep. she say she is plans to buy a new couch and put the rest into savings. that is a lot to put into savings. >> unless you buy a really expensive couch. >> nice he let her keep it. a lot of people out there. here is $20. >> that ticket, please? >> how is it
warren buffett said politicianless should stop using the debt ceiling in debates and says it is like nuclear bombs, too horrible to use the treasury will run out of money october 17th if congress doesn't increase the debt limit. >>> united technology is canceling plans to furloughing 4,000 workers after most civilian employees were sent home and the federal shut down put back to work. the military contractor planned to put sick corky and pratt and whitney workers on leave beginning...
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficit, america can't afford another debate with this congress whether or not they should pay the bills they already racked up. if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. we might not be able to pay our troops and honor our contracts with small business owners. food inspectors, air traffic controllers, wouldn't get their paychecks. invest ors around the world will ask if america is a safe bet? markets could go haywire, interest rates would spike. every student can a college loan, every small business owner who wants to hire, it would be a self-inflicted wound on the economy. it would slow down our growth, might tip us into a recession. and ironically would p
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficit, america can't afford another debate with this congress whether or not they should pay the bills they already racked up. if congressional republicans refuse to pay america's bills on...
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. >> investors are holding home for washington, dc, take, action on the debt ceiling. here is jane king with the bloomberg business report. >> investers holding out hope senate negotiations will result in a deal to extend the debt limit and end the government shut down. fitch yesterday said it was considering downgrading debt because of the lack of timely progress. mcdonald's pay have trouble taking off their mighty wings because they cannot compete with the other dollar products or the 25 cent a wing that part had -- sports bars charge. nestle is launching a new bar on store shelves next year. what is your favorite holiday? the most popular national celebration is halloween. they feel pressure by other more family oriented holidays. that is the news from the new york stock exchange. >> washington, dc, and wall street, looking at 9 debt ceiling. we have other stories coming up. tonight, right here on abc7 news, you can see the first ever toy story film made just for television. toy story of terror is half hour special just in time for halloween with the gang taking a r
. >> investors are holding home for washington, dc, take, action on the debt ceiling. here is jane king with the bloomberg business report. >> investers holding out hope senate negotiations will result in a deal to extend the debt limit and end the government shut down. fitch yesterday said it was considering downgrading debt because of the lack of timely progress. mcdonald's pay have trouble taking off their mighty wings because they cannot compete with the other dollar products or...
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ceiling. >> extend the debt ceiling. if they can't do it for a long time, do it for the period of time in which these negotiations have taken place. >> reporter: democrats were cautiously optimistic saying the presidcod pr >> our emphasis is to solve the problem, open government. >> reporter: congressional sources tell abc news they expect the gop proposal to come up for a vote in the house on friday. >> i would hope the president will look at this as an opportunity and a good faith effort on our part to move halfway, halfway to what he commanded in order to have the conversation begin. >> earlier jack lew told the senate hearing what dire circumstances we could expect from a government default. >> if congress fails to meet its responsibility, it could deeply damage financial markets, the ongoing economic recovery and the jobs and savings of millions of americans. >> reporter: white house spokman ey short-tebt eo, h made it clear te wouldstroer a also reopen the gover john and diana. >> thank you. >>> foster farms proces
ceiling. >> extend the debt ceiling. if they can't do it for a long time, do it for the period of time in which these negotiations have taken place. >> reporter: democrats were cautiously optimistic saying the presidcod pr >> our emphasis is to solve the problem, open government. >> reporter: congressional sources tell abc news they expect the gop proposal to come up for a vote in the house on friday. >> i would hope the president will look at this as an...
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it's called the debt ceiling. with nearly $17 trillion of national debt, if it isn't raised by october 17th, the federal government will go into default. the administration warns, default could trigger an economic meltdown. president obama is adamant that congress must raise the debt ceiling without any conditions or negotiations. >> we're not going to negotiate under the threat of economic catastrophe, that economists and ceos increasingly warn would result if congress chose to default on america's obligations. >> reporter: but speaker of the house john boehner says there must be negotiations. the republicans will only raise the debt ceiling if the president agrees to spending cuts. asked about the impasse, press secretary jay carney attempted a joke. if the speaker of the house sticks to that position, are we going to default? >> if you're saying if the speaker attaches to the debt ceiling increase, a recognition of the importance of motherhood, we might accept that. i'm trying to be funny. but nobody laughed. i
it's called the debt ceiling. with nearly $17 trillion of national debt, if it isn't raised by october 17th, the federal government will go into default. the administration warns, default could trigger an economic meltdown. president obama is adamant that congress must raise the debt ceiling without any conditions or negotiations. >> we're not going to negotiate under the threat of economic catastrophe, that economists and ceos increasingly warn would result if congress chose to default...
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but house republicans have been equally adamant they will not raise the debt ceiling unless the president first agrees to major spending cuts. >> i think the real issue here is, we all know, is spending. >> reporter: the president insists this is not even a subject for negotiation. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: stakes are higher than they were during the new year's eve showdown over the fiscal cliff. if an agreement isn't reached, the federal government faces default on its debt and a partial shutdown. >> social security checks and veterans benefits will be delayed. we might not be able to pay our troops. >> reporter: some have suggested president obama would have better luck with the republicans if he socialized with them. the president said that probably wouldn't make much of a difference, but he wouldn't mind trying. >> most people who know me, know i'm a pretty friendly guy. and i like a good party. >> jon, the president also talked about pr
but house republicans have been equally adamant they will not raise the debt ceiling unless the president first agrees to major spending cuts. >> i think the real issue here is, we all know, is spending. >> reporter: the president insists this is not even a subject for negotiation. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: stakes are...
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unless congress raises the debt ceiling. house speaker john boehner says he wants to negotiate with the president. at times like this, the american people expect their leaders to sit down and have a conversation. >> reporter: the government said sure, but not until the government reopens an the threat of default is lifted. >> the entire basis of the republican strategy is we will shut down the government or cause economic chaos if we don't get 100% of what we want. >> reporter: but speaker boehner said what president obama is asking republicans to do is unconditional surrender. there was a greater sense of urgency in washington yesterday but we're still no closer to the government reopening and the debt ceiling is looming. john and diana. >> thank you. >>> when you think of who's affected by this, it goes far beyond the people in washington obviously. then you hear about things that haven't been affected and man, oh, man, does it make you mad. >> you are going to lay on the gym, aren't you? >> oh, this gym. it is an exclusiv
unless congress raises the debt ceiling. house speaker john boehner says he wants to negotiate with the president. at times like this, the american people expect their leaders to sit down and have a conversation. >> reporter: the government said sure, but not until the government reopens an the threat of default is lifted. >> the entire basis of the republican strategy is we will shut down the government or cause economic chaos if we don't get 100% of what we want. >>...
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republicans will unveil their plan later today to raise the debt ceiling raise that borrowing authority. and it's going to have demands that the white house is says unacceptable. including a one-year delay in the implementation of the health care law. and the white house said they will not negotiate on that. that means there is nothing going on when it comes to negotiations. and no solution on the horizon at all. >> we'll be watching closely. jon karl, thanks very much. >>> let's get the rest of today's top stories. amy robach in for josh. >> we begin with breaking news. an alarming report that points to the problem of extreme fatigue among airline pilots. this morning, we're learning the details about a flight on which both pilots were asleep at the same time. it happened last month on an airbus a330 during a flight to britain. the airline it has occurred on has not been released. but the pilots voluntarily reported themselves. saying they had slept just five hours each over the two previous nights. they are not expected to be seriously disciplined. >>> developing right now, the nation
republicans will unveil their plan later today to raise the debt ceiling raise that borrowing authority. and it's going to have demands that the white house is says unacceptable. including a one-year delay in the implementation of the health care law. and the white house said they will not negotiate on that. that means there is nothing going on when it comes to negotiations. and no solution on the horizon at all. >> we'll be watching closely. jon karl, thanks very much. >>> let's...
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>> reporter: i'm told they're preparing a clean debt ceiling with no conditions. but only for six weeks. and this does not include reopening the government. >> jon karl, thanks very much. >>> now to the roller coaster scare to visitors at universal studios. getting stuck mid-ride 150 feet off the ground. fire rescue raced to the scene. and matt gutman has the latest, joins us from there. good morning, matt. >> reporter: good morning, robin. people love to be scared on these amusement rides. maybe not this scared. 12 people suspended for three hours in sheer terror. until they were finally taken down. one person complained of neck pain. she was taken to the hospital. this is the jaw-dropping moment that orlando's tallest rollercoaster came to a dead stop for nearly three hours. 12 passengers on universal studios hollywood rip ride rocket at a standstill, in a vertical position, 17 stories in the air. their backs to the ground. >> being in that position, not knowing, not understanding why you're in that position. you're going to be a little bit upset. once we got up
>> reporter: i'm told they're preparing a clean debt ceiling with no conditions. but only for six weeks. and this does not include reopening the government. >> jon karl, thanks very much. >>> now to the roller coaster scare to visitors at universal studios. getting stuck mid-ride 150 feet off the ground. fire rescue raced to the scene. and matt gutman has the latest, joins us from there. good morning, matt. >> reporter: good morning, robin. people love to be scared on...
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economists say not raising the debt ceiling by thursday could lead to a recession. after thursday, the government would have enough pay to pay two-thirds of its bills. 106 billion short of $328 billion in commitments. the international monetary fund is warning of a global financial catastrophe if the u.s. defaults. >> it would bring so much uncertainty and so much risk of disruption that the standing of the u.s. economy would again be at risk. >> reporter: a default could have far-reaching consequences for your personal finances. your retirement accounts could lose value and loans for cars and homes could be more expensive and difficult to get. many analysts believe a deal will be reached before thursday. but that's not a certainty, which is enough to rattle financial markets and worry leaders around the world. wendy gillette, abc news, new york. >>> partisanship will be put aside today at the white house when president obama presents the medal of honor to former army captain william swenson. he is being recognized for bravery in a battle in afghanistan in 2009. the
economists say not raising the debt ceiling by thursday could lead to a recession. after thursday, the government would have enough pay to pay two-thirds of its bills. 106 billion short of $328 billion in commitments. the international monetary fund is warning of a global financial catastrophe if the u.s. defaults. >> it would bring so much uncertainty and so much risk of disruption that the standing of the u.s. economy would again be at risk. >> reporter: a default could have...
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could run out of money to pay its bills by the end of february if that debt ceiling isn't raised. congress is preparing to debate it, but it could be a politically charged battle. >>> all right. a big political comeback getting underway today. you might remember former south carolina governor mark sanford. well, back in 2009 he admitted to having an affair with a woman from argentina, who is now his fiance. he announced he's running for his old congressional seat. >>> all right. and you don't hear a story like this often. it comes to us from the suburbs of stockholm, sweden. that's where a cleaning lady stole an empty commuter train and drove it into an apartment building. >> she was at the controls for about a mile. then the train derailed before hitting the building. the woman was seriously injured. she was the only person hurt. i guess she was the only one on the train. >> not good. what were you thinking? >> i wonder why she did that. >> i don't know. >> we need more information on that one. >> yeah, we do. >>> let's talk about our wednesday weather. heavy rain from the gulf c
could run out of money to pay its bills by the end of february if that debt ceiling isn't raised. congress is preparing to debate it, but it could be a politically charged battle. >>> all right. a big political comeback getting underway today. you might remember former south carolina governor mark sanford. well, back in 2009 he admitted to having an affair with a woman from argentina, who is now his fiance. he announced he's running for his old congressional seat. >>> all...